Economy

Aug
23
2025
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By Abia ThinkTank
A New Era Of Coordinated Development: How Abia’s GODA, GADA, And UCDA Are Driving State-Wide Transformation – By Dr. Chukwuemeka Ifegwu Eke

A New Era Of Coordinated Development: How Abia’s GODA, GADA, And UCDA Are Driving State-Wide Transformation – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, Good Governance, Infrastructure
A New Era of coordinated Development: How Abia’s GODA, GADA, and UCDA Are Driving State-Wide Transformation Under the visionary leadership of Governor Alex Otti, OFR, Abia State has embarked on an unprecedented journey of integrated and even development, strategically engineered to ensure no senatorial district is left behind. This transformative agenda is being executed through a powerful tripartite framework of specialized development authorities: the Greater Ohafia Development Authority (GODA), the Greater Aba Development Authority (GADA), and the Umuahia Capital Development Authority (UCDA). Functioning as strategic special purpose vehicles (SPVs), these authorities are empowered to drive regional development, expedite critical infrastructure…
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Aug
21
2025
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By Abia ThinkTank
Abia State’s Historic Acquisition Of Star Paper Mill: A Catalyst For Industrial Renaissance In Southeastern Nigeria -By Dr. Chukwuemeka Ifegwu Eke

Abia State’s Historic Acquisition Of Star Paper Mill: A Catalyst For Industrial Renaissance In Southeastern Nigeria -By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, Good Governance
Abia State's Historic Acquisition of Star Paper Mill: A Catalyst for Industrial Renaissance in Southeastern Nigeria Executive Summary In a landmark development for industrial policy in southeastern Nigeria, Abia State Governor Alex Otti has successfully secured approval for the acquisition of the moribund Star Paper Mill from the Asset Management Corporation of Nigeria (AMCON). This strategic move, announced on August 7, 2025, represents a decisive step toward revitalizing one of Nigeria's formerly thriving industrial assets that had become a symbol of economic decay after years of abandonment. The acquisition signals a bold commitment to reversing industrial decline and stimulating economic…
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Aug
19
2025
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By Abia ThinkTank
FGN Begins Review Of Revenue Allocation Formula

FGN Begins Review Of Revenue Allocation Formula

FGN, Economy, News Flash
FG Begins Review Of Revenue Allocation Formula The Federal Government has officially commenced the process of reviewing the nation’s revenue allocation formula to meet current realities. Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mohammed Bello Shehu announced the commencement of the review process at a press conference at Yar’Adua Centre in Abuja on Monday. There are indication that the new formula would give more funds to the states of the federation. Sources in the commission disclosed that government was planning to increase total allocation to the states to between 30 and 40% from the current formula which…
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Aug
18
2025
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By Abia ThinkTank
The ABIA Game Of Thrones: A Satire In Seven Kingdom’s Style – By Dr. Chukwuemeka Ifegwu Eke

The ABIA Game Of Thrones: A Satire In Seven Kingdom’s Style – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy
The Abia Game of Thrones: A Satire in Seven Kingdoms' Style Beneath the searing Niger sun, amidst the whispering oil palms and bustling markets of Umuahia, unfolds a drama worthy of Westeros itself. Governor Alex Otti, erstwhile banker now ascendant ruler, sits not upon the molten Iron Throne, but a seat no less perilous: the Governorship of Abia State. His crusade? To purge the realm of the endemic profligacy and chicanery that have long sapped its coffers, a quest echoing Jon Snow’s quixotic battle against the White Walkers – an existential threat cloaked in bureaucratic fog. Enter the players, our…
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Aug
18
2025
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By Abia ThinkTank
Those Campaigning To TakeOver From Otti In 2027 Are Wasting Their Time – Catholic Bishop Of Umuahia, Ukpong, Says Impossible Things Before Have Become Possible Under Gov. Otti

Those Campaigning To TakeOver From Otti In 2027 Are Wasting Their Time – Catholic Bishop Of Umuahia, Ukpong, Says Impossible Things Before Have Become Possible Under Gov. Otti

Abia State, Economy, Good Governance, News Flash, Politics
THOSE CAMPAIGNING TO TAKEOVER FROM OTTI IN 2027 ARE WASTING THEIR TIME - CATHOLIC BISHOP OF UMUAHIA, UKPONG, SAYS IMPOSSIBLE THINGS BEFORE HAVE BECOME POSSIBLE UNDER GOV. OTTI. ‎‎The Catholic Bishop of Umuahia Diocese, Most Rev. Michael kalu Ukpong says that those campaigning to takeover from Governor Alex Otti, OFR, in 2027 are wasting their time, saying that the Governor's good works in just two years have done the campaign for him.‎‎Bishop Ukpong stated this on Sunday, 17th August, when he hosted the Governor to a lunch at Mater Dei Cathedral, Umuahia, to celebrate his impactful and remarkable achievements, in…
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Aug
15
2025
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By Abia ThinkTank
How USD 263.80 Million Will Boost Governor Otti’s Road Revolution Agenda And Create More Jobs For Abians – By Ebere Uzoukwa, Ph.D(SSA To Governor Otti On Public Affairs)

How USD 263.80 Million Will Boost Governor Otti’s Road Revolution Agenda And Create More Jobs For Abians – By Ebere Uzoukwa, Ph.D(SSA To Governor Otti On Public Affairs)

Columns/Opinions/Letters, CBN/Commercial Banking, Economy, Good Governance
How USD 263.80 Million Will Boost Governor Otti’s Road Revolution Agenda and Create More Jobs for Abians By Ebere Uzoukwa, PhD The recent approval by the Federal Executive Council of the USD 125 million Islamic Development Bank financing facility for the Abia State Integrated Infrastructure Development Project marks another decisive step in Governor Alex Chioma Otti’s bold and methodical drive to rebuild Abia’s infrastructure. This financing forms part of a larger USD 263.80 million co-financing package, which also includes USD 100 million from the African Development Bank, USD 15 million from the Canada–Africa Development Bank, and USD 23.80 million counterpart…
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Aug
15
2025
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By Abia ThinkTank
$263.8m ABIA Road Revolution: President Tinubu Greenlights Historic Deal As Governor Otti Vows “Military -Grade Delivery” – By Dr. Chukwuemeka Ifegwu Eke

$263.8m ABIA Road Revolution: President Tinubu Greenlights Historic Deal As Governor Otti Vows “Military -Grade Delivery” – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, Good Governance, Infrastructure
$263.8M ABIA ROAD REVOLUTION: PRESIDENT TINUBU GREENLIGHTS HISTORIC DEAL AS GOVERNOR OTTI VOWS "MILITARY-GRADE DELIVERY"* Integrated Financing & Strategic ApprovalPresident Bola Tinubu’s administration has unlocked a transformative $263.8 million infrastructure package for Abia State through a landmark Federal Executive Council approval on August 13, 2025. This multi-source financing framework combines $125 million from the Islamic Development Bank (IsDB), $100 million from the African Development Bank (AfDB), $15 million from the Canada–Africa Development Bank, and $23.8 million in counterpart funding from the Abia State Government. The IsDB facility – the critical final piece – activates the entire funding mosaic, marking Nigeria’s…
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Aug
14
2025
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By Abia ThinkTank
President Tinubu Approves $125 Million Islamic Development Bank Facility For ABIA State Integrated Infrastructure Development Project (ABSIID)

President Tinubu Approves $125 Million Islamic Development Bank Facility For ABIA State Integrated Infrastructure Development Project (ABSIID)

Abia State, CBN/Commercial Banking, Economy, FGN, News Flash
Press Release: PRESIDENT TINUBU APPROVES $125 MILLION ISLAMIC DEVELOPMENT BANK FACILITY FOR ABIA STATE INTEGRATED INFRASTRUCTURE DEVELOPMENT PROJECT (ABSIID) The Abia State Government is pleased to announce that the long-awaited USD 125 Million Islamic Development Bank (IsDB) financing facility for the Abia State Integrated Infrastructure Development Project has been approved by the Federal Executive Council (FEC) at its meeting of Wednesday, August 13, 2025. This approval marks a major milestone in a project that has undergone extensive consultations and procedural steps, and is a critical component of the overall co-financing arrangement for the State’s ambitious infrastructure development drive. The project’s…
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Aug
13
2025
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By Abia ThinkTank
Public Officers Declare Nonexistent Assets To Justify Corruption – EFCC Chairman

Public Officers Declare Nonexistent Assets To Justify Corruption – EFCC Chairman

Crime, Economy, News Flash
Public Officers Declare Nonexistent Assets To Justify Corruption – EFCC Chairman The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr, Ola Olukoyede, has disclosed that many public officers are now perfecting the antics of anticipatory declaration of assets to justify their intended stealing of public funds and other acts of corruption. Speaking in Abuja on Tuesday, August 12, 2025, during a goodwill address at the launch of the Virtual Tool on the Code of Conduct for Public Officers—an initiative by the Code of Conduct Bureau (CCB) in partnership with the Technical Unit on Good Governance and Anti-Corruption…
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Aug
13
2025
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By Abia ThinkTank
Tinubu Administration Takes Credit As Stock Market Boom, Grows In Tripple

Tinubu Administration Takes Credit As Stock Market Boom, Grows In Tripple

CBN/Commercial Banking, Economy, FGN, News Flash, Presidency
Tinubu Administration Takes Credit As Stock Market Boom, Grows Triple The federal government says the Nigerian stock market is experiencing an unprecedented boom, with key indicators showing remarkable growth since President Bola Ahmed Tinubu assumed office on May 29, 2023. The Nigerian Exchange (NGX) has seen its All-Share Index (ASI) and market capitalisation more than triple, reflecting investor confidence and the impact of sweeping economic reforms. According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, at the time of President Tinubu’s inauguration, the NGX All-Share Index stood at 52,973.88 points, with a market capitalisation of N28.845…
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